16159, West Middlesex, PA

The 16159 zip code of West Middlesex, PA has a median home value of $146,000. The home equity in this zip code is $77,000. This means that the homeowners in this zip code have a net worth of $103,000. This is a decrease from the previous year when the median home value was $158,000 and the net worth was $115,000.

There are several factors that could be contributing to this decrease in home equity and home prices. One reason could be that there are more homes for sale than there are buyers in this zip code. Another reason could be that interest rates have been increasing which has made it more expensive to borrow money to purchase a home. Finally, some people may have decided to sell their homes sooner than they would have liked because they believe that prices will continue to decline.

Despite these decreases in home equity and home prices, it is still important for homeowners in the 16159 zip code to maintain an emergency fund and make sure that they are aware of their mortgage options so they can stay ahead of any potential changes in interest rates or market conditions.